Jim Loughlin and LM+Co team successfully complete debt and operational restructuring, and s363 sales transaction for Werner Company.

August 10, 2007 – James J Loughlin Jr announced today that he has completed his assignment as Interim Chief Executive Officer and a member of the Board of Directors of Werner Company, the largest manufacturer of ladders and other climbing products in the US. Loughlin has been leading Werner as Interim Chief Executive Officer since December, 2006 and also served as Chief Restructuring Officer until the Werner operating assets were sold to an investor group in June, 2007. Loughlin Meghji+Co advised and assisted the Company since 2005 in developing operational turnaround plans to lower manufacturing and other operating costs, developed and and implement pricing and product strategies to offset the negative impact of rising commodity costs, and helped guide the Company through all aspects of its Chapter 11 filing and ultimate sale.

Loughlin commented, "I am pleased to have been able to provide leadership to the many fine Werner employees throughout the US, Mexico and China during a very challenging period in the Company's history. The Company is well positioned as a result of the financial and operational restructuring activities that have been implemented over the past two years.The Company will benefit from the significant deleveraging of its capital structure and the reduction of its overall cost structure. Despite the many challenges that the Company faced during its Chapter 11, Werner has emerged as strong and viable competitor with an outstanding position in each of the markets it serves."

The Werner engagement required hands on involvement in the repositioning of Werner's manufacturing operations including the expansion of the Company's foreign manufacturing and sourcing capabilities.Loughlin adds, "The foundation for long term success has been put in the place and I am confident Werner will be highly successful in the years to come."